Average Financial Managers Salary in Ames, IA
Financial Managers in Ames, IA, can expect an average annual salary of $130,070. This figure is notably below the national average of $184,480, reflecting regional economic factors and local demand for specialized financial expertise. The specific economic landscape and industry concentration within Ames directly influence this compensation level.
Executive Summary
- Average Salary: $130,070 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,470.
- Outlook: Ames, IA, supports a local workforce of 230 Financial Managers. With a Location Quotient of 0.78, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally dense job market. The presence of 4.166 jobs per 1,000 workers indicates a consistent, albeit moderate, demand for financial management professionals within the area.
Salary Overview
The average Financial Managers in Ames, IA earns-29.5%below the national average.
$62.5
$2,501
$10,839
Financial Managers Salary Trends (2020-2024)
While specific historical data for Ames, IA is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by increasing complexity in financial regulations and the demand for strategic financial planning. This national trend likely translates to modest salary increases for professionals in Ames as well, keeping pace with evolving industry standards and economic conditions.
Financial Managers Salary Distribution in Ames, IA
Salary progression for Financial Managers in Ames, IA, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior-level compensation underscores the value placed on experience and specialized skills within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,380 | $31 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,553 | $46.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $120,000 | $57.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $162,588 | $78.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $209,470 | $100.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$130,070
Gross Pay
Real Wage (Purchasing Power)
$130,070
Adjusted for COL (100)
The nominal average salary of $130,070 in Ames, IA, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Financial Manager's salary in Ames is equivalent to that of a Financial Manager earning the national average salary in a location with a national average cost of living. Therefore, the salary offers a standard quality of life relative to national benchmarks.
Job Market Context
230
Total Jobs
4.166
Per 1K Jobs
0.78
Location Quotient
Ames, IA has 0.78x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.78, the job market for Financial Managers in Ames, IA, is less concentrated than the national average. This indicates that while opportunities exist, the field is not oversaturated, potentially offering a balanced competitive landscape for job seekers. Professionals may find a steady demand without the intense competition often seen in more heavily concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Southeast Iowa nonmetropolitan area Financial Managers Salary | $122,440↓ 6% | 21 mi |
| Northwest Iowa nonmetropolitan area Financial Managers Salary | $127,380↓ 2% | 21 mi |
| Northeast Iowa nonmetropolitan area Financial Managers Salary | $125,340↓ 4% | 21 mi |
| Southwest Iowa nonmetropolitan area Financial Managers Salary | $113,700↓ 13% | 21 mi |
| Des Moines-West Des Moines, IA Financial Managers Salary | $160,540↑ 23% | 31 mi |
Comparing salaries near Ames, IA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Ames, IA?
The median annual salary for a Financial Managers in Ames, IA is $130,070. This typically ranges from $64,380 for entry-level positions to $209,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ames, IA is 29.5% lower than the national median of $184,480.
Is Ames, IA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $130,070 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Ames, IA a good place to live for Financial Managers?
The Cost of Living Index in Ames, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ames, IA?
Some top paying nearby cities include Southeast Iowa nonmetropolitan area ($122,440) and Northwest Iowa nonmetropolitan area.
How does the Ames, IA Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in Ames, IA, is $130,070, which is considerably lower than the national average of $184,480.
What is the cost of living in Ames, IA for Financial Managers?
The cost of living index in Ames, IA, is 100, which is exactly the national average, meaning the purchasing power of the local salary is standard.
How concentrated is the Financial Manager job market in Ames, IA?
The job market for Financial Managers in Ames, IA, has a Location Quotient of 0.78, indicating it is slightly less concentrated than the national average.
What is the total number of Financial Managers in Ames, IA?
There are approximately 230 Financial Managers working in Ames, IA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Ames, IA area with a job density of 4.166 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Ames, IA